What is degen? | A new kind of social currency
This post is all about a new kind of social currency called degen. Degen is interesting for a lot of reasons, especially as a new way to interact on social media.
This post is all about a new kind of social currency called degen. Degen is interesting for a lot of reasons, especially as a new way to interact on social media.
Open money describes digitally-native asset systems that are built on accessible, programmable, and user-controlled architectures. These attributes allow them to leverage network effects to become useful and valuable.
A Universal Money Address Standard leverages the Lightning Network to enable payment handles that are easy to read, share, and remember.
The idea of a fediverse for social media has gained traction recently. Threads, the new social media platform from Meta, has announced that it will be compatible with ActivityPub, an open protocol that makes it possible for social media to become decentralized across multiple servers.
There are any number of ways that the future can unfold money-wise. What’s for sure is that the way we understand money now is changing. The biggest driver of change is that everything is moving digital.
There are a lot of reasons why the shift to open money makes sense. One of them is that the world is changing. Increasingly algorithms and AI will start to make decisions about our lives. In that kind of world, permissionless, open money will become an important tool.